Melbourne developer Spacious Group has completed Voyage Altona, one of the closest new apartment developments to Altona Beach.

Off the plan purchasers have started moving into the 49-apartment project on Pier Street, with the remaining move-in-ready one-, two- and three-bedroom apartments starting from just over $500,000.

Display apartments have now been fitted out, allowing prospective buyers to inspect the completed residences by appointment.

[smartcode_project:default project_id=112195 project_image_fid=372638]

The completed apartments feature open-plan living and dining areas which extend onto private balconies and terraces, while full-height glazing maximises natural light throughout the interiors.&nbsp;

Hybrid timber-look flooring, stone benchtops, Miele appliances, porcelain-tiled bathrooms and generous storage feature throughout the building which also features landscaped communal areas, expansive shared terraces, lift access and secure on-grade parking.

Drawing inspiration from its bayside setting, Voyage adopts a restrained palette of warm neutral tones and textured finishes. Many of the apartments take advantage of views across Port Phillip Bay, while the indoor-outdoor living spaces have been designed to make the most of the coastal outlook.

[smartcode_project:default project_id=112195 project_image_fid=3286]

Voyage was developed to address what Spacious Group identified as an undersupply of higher-quality apartment product in Altona, with a focus on owner-occupiers looking to remain within the bayside community.

"Voyage responds to very strong local buyer demand for quality, owner-occupier-focused product," says Barry Plant Projects Director Jarrod Farey, who has handled sales since the project's launch.

"The project delivers an elevated lifestyle proposition, with its design and quality of finish far exceeding anything previously produced in the area, as well as its proximity to Pier Street Village and the beach."

The majority of purchasers have been local downsizers and owner-occupiers looking to stay within the Altona community but who previously had limited opportunities to buy a brand-new apartment.

[smartcode_project_cta:default project_id=112195]

Joel Robinson

Spacious Group completes Voyage Altona in Altona's beachside precinct

Homecorp has secured approval for a $360 million apartment development at Budds Beach, paving the way for one of the Gold Coast's most amenity-rich residential projects to launch later this year.

Gold Coast City Council has approved Lýon Residences, a 32-level tower that will deliver 178 two and three-bedroom apartments across a prominent corner site at 8-10 Acacia Avenue and 25-27 Oak Avenue.

The approval comes as developers continue to invest in premium lifestyle-driven apartment projects on the Gold Coast, where owner occupiers are increasingly prioritising amenity as much as apartment size and location.

<a href="https://www.apartments.com.au/new-apartments/l-on-residences-25-27-oak-avenue-surfers-paradise-qld-4217">Lýon Residences</a> has been designed around a resort-style wellness offering, headlined by a Moroccan-inspired spa precinct featuring treatment rooms, a Nordic sauna and steam room, hot and cold plunge pools, a soaking pool and a residents-only juice bar.

The rooftop will include a heated infinity pool and spa, residents' lounge with private kitchen and bar, gymnasium, yoga and Pilates studio, outdoor entertaining areas and barbecue facilities overlooking the Surfers Paradise skyline.

<img alt="Lyon" data-entity-type="file" data-entity-uuid="2d3e29af-8793-486e-a684-52cef862241f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-15%20at%204.32.26%E2%80%AFPM.png?VersionId=ayG2zpLf3SS6Zy8XmKDcQods4kVWb0gm" />

Homecorp Founder and CEO Ron Bakir said Budds Beach provided the ideal location for the company's latest luxury apartment project.

"Budds Beach represents one of the most unique and sought-after pockets of the Gold Coast, and Lýon Residences has been designed to reflect that sense of rarity and refinement," Bakir said.

The project arrives as wellness continues to become a defining feature of new residential developments both in Australia and internationally.

The latest Global Wellness Institute figures show wellness real estate remains the fastest-growing segment of the global wellness economy and is forecast to exceed $1.8 trillion by 2030. Australia continues to rank among the world's 15 largest wellness real estate markets, with developers increasingly integrating health, recreation and community facilities into apartment projects.

Queensland is also experiencing strong population growth, with the Gold Coast continuing to outperform many other Australian cities as demand for new housing remains elevated ahead of the 2032 Olympic and Paralympic Games.

Bakir said the project had been designed to respond to that shift in buyer expectations.

"Strong population growth and sustained demand across the Gold Coast continue to highlight the need for well-designed new housing supply. Lýon Residences responds directly to this demand while setting a new benchmark for residential living," he said.

Each apartment has been designed to maximise views across the coastline, the Nerang River and the Gold Coast hinterland.

Located just minutes from Surfers Paradise beach and the Broadwater, the development also offers easy access to the light rail network, Broadbeach and Burleigh Heads.

Early site works are underway, with construction expected to commence later this year.

Homecorp approved for Budds Beach apartment tower, Lýon Residences

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

Nearly 60 per cent of apartments at McNab Group's $220 million The Tannery development in Brisbane's West End have sold ahead of the project's public launch, including a suburb-record $2.57 million sale for a two-bedroom apartment.

The early sales campaign has secured buyers for 50 of the project's 87 apartments, highlighting continued demand for larger owner-occupier apartments that combine generous floorplans with premium lifestyle amenities in one of Brisbane's most tightly held inner-city suburbs.

[smartcode_project:default project_id=143337 project_image_fid=374768]

McNab Group Executive Chairman Michael McNab said selling more than half the project before launch reflected changing buyer expectations.

"Selling more than half the project before public sales open tells us buyers are actively seeking apartments that offer something genuinely different," McNab said.

"Today's buyers are looking beyond four walls. They want homes that genuinely enhance the way they live, with spaces that support health, connection and everyday wellbeing."

[smartcode_project:default project_id=143337 project_image_fid=374767]

A key point of difference for the project is the adaptive reuse of the heritage-listed Dixon's Tannery building, which will become The Retreat, a residents-only wellness precinct rather than being redeveloped into additional apartments.

The Retreat will feature a sauna and steam room, hot and cold plunge pools, a commercial-grade gym, Pilates studio, cinema, library, co-working spaces and private dining room. Rooftop amenities will include a swimming pool, landscaped gardens, outdoor entertaining areas and dog-friendly spaces.

[smartcode_project:default project_id=143337 project_image_fid=374760]

Designed by Cottee Parker Architects with interiors by Tom Mark Henry and landscape architecture by Aspect Studios, The Tannery comprises 87 two, three and four-bedroom apartments across 11 levels overlooking the Brisbane River.

Cottee Parker principal Dee Passenger said preserving the original tannery building had been central to the project's design.

"The easy option would have been to maximise the site's development potential with additional apartments. Instead, McNab has chosen to preserve the original tannery as a shared wellness retreat, ensuring this important piece of Brisbane's history remains at the heart of the community."

Passenger said sustainability also played a key role in the design, with materials from the original industrial site salvaged and repurposed throughout the development.

[smartcode_project:default project_id=143337 project_image_fid=374761]

Motiv CEO Carly Cottam said buyers had responded strongly to the combination of larger apartments, wellness facilities and the West End lifestyle.

"We are seeing more buyers looking for homes in the sky that provide the space and functionality of a traditional home, while benefiting from the convenience and lifestyle that apartment living brings," Cottam said.

She said purchasers included both owner occupiers and investors, with demand coming from local buyers as well as interstate purchasers.

Coinciding with the public launch, McNab also announced a partnership with Queensland Ballet, whose neighbouring Thomas Dixon Centre shares historical ties with the original Dixon family.

Located on a 4,465 sqm site at 439 Montague Road, The Tannery overlooks the Brisbane River and is around 10 minutes from the CBD.

Construction is underway, with completion expected in the second half of 2027.

[smartcode_project_cta:default project_id=143337]

More than half of residences sold before public sales as McNab announces significant partnership with Queensland Ballet

McNab's The Tannery nears 60 per cent sold before public release, sets two-bedroom West End record

Iwan Sunito's vision for a landmark mixed-use precinct in Sydney's Inner West has taken a major step forward, with approval granted for the $1.9 billion Five Dock development first unveiled earlier this year.

The approved scheme by <a href="https://www.apartments.com.au/developers/one-global-capital">One Global Capital</a> will deliver an 80,500 sqm mixed-use precinct comprising 840 apartments, integrated hotel accommodation, commercial and retail space, alongside publicly accessible open space designed to create a new destination for the growing suburb.

"This is a significant milestone for One Global Capital and for the future of housing delivery in Sydney," Sunito said.

"The Housing Delivery Authority was established to identify major housing projects capable of delivering meaningful supply more efficiently, and we are delighted that Spencer Street has been recognised as one of those projects.”

He said the declaration reflected the rapid progress achieved since acquiring control of the site.

"In less than seven months we have progressed from taking control of the site to securing entry into one of the NSW Government's most important planning pathways. It reflects the experience of our team, the strength of our consultant group led by Urbis, and our long-term commitment to delivering transformational projects that contribute to Sydney's future."

When the project was revealed earlier this year, Sunito described the opportunity as one of the strongest development sites he had worked on.

"I probably hadn't appreciated the uniqueness of the site until more recently when putting together the concept plans," Sunito said.

"The proximity to the water, and the golf course opposite, is unlike any other part of Parramatta Road. We have a unique position and view corridors over the water that makes this one of the best sites I've worked on."

The development has evolved since its initial announcement, with the approved plans increasing the residential component from the originally proposed 750 apartments to 840 homes while retaining the project's focus on creating an integrated neighbourhood rather than a standalone residential development.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/a-city-within-a-city-iwan-sunito-flags-1-5-billion-mixed-use-precinct-in-five-dock">"A city within a city": Iwan Sunito flags $1.5 billion mixed-use precinct in Five Dock</a>

The precinct will combine apartments with hotel accommodation, commercial workplaces, retail offerings and public spaces, creating a mixed-use environment intended to serve both residents and the broader Five Dock community. The proposal also continues the collaboration between One Global Capital and internationally recognised architect <a href="https://www.apartments.com.au/architects/koichi-takada-architects">Koichi Takada</a>, whose previous work with Sunito includes Infinity, Arc and Skye North Sydney.

Takada previously said the design was driven by a philosophy of integrating nature into the built environment.

"The concept for this development is born from our design approach to naturalising architecture," Takada said.

"The public realm benefits from biophilic design that integrates generous landscaping, and the development is optimised for natural daylight, airflow and water views to foster wellbeing, sustainability and spaces that foster community interaction."

Sunito has consistently described the project as a "city within a city", with a strong emphasis on creating a destination that extends beyond housing.

"We want to create a development that's not only to be seen, but to be experienced by the whole local community," he said.

The approval comes as Five Dock continues its transformation ahead of the opening of the Sydney Metro West line, with the new Five Dock station set to significantly improve connections between the Inner West, Parramatta and the Sydney CBD.&nbsp;

The precinct will also benefit from its proximity to the Parramatta Road corridor, nearby waterfront parklands and established retail and dining offerings that have made Five Dock one of Sydney's most tightly held Inner West suburbs.

Iwan Sunito secures approval for $1.9 billion Five Dock mixed-use precinct

New Farm

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<div>Matt Lancashire's New Farm Ray White office is sitting in the number 1 spot within Queensland of the estate agency network.</div>
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<div>"It was a proud moment for our New Farm office this month with our chairman Brian White calling to inform us that Ray White New Farm has taken the number 1 spot," Lancashire advised.</div>
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<div>"This is a huge accomplishment for us as the top spot hasn't been challenged for 25 years," he added, without mentioning it was Surfers Paradise that was set possibly to lose its crown.</div>
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<div>It is an interim advisory for the fiscal year to date, as at April 30.
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<div class="x_gmail_default">The awards recognition for national and international ranking won't be disclosed until the end of the financial year.</div>
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<div class="x_gmail_default">Ray White Double Bay is still at the top of the leaderboard nationally. </div>
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<div>The New Farm office has recorded over $60 million in sales for the month of May.</div>
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<div>"All sectors of the market are transacting from $350,000 apartments to our highest sale over $5 million," he said.</div>
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<div>His latest listings include Silverwells, is one of Brisbane’s most significant homes.</div>
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<div>"Few properties in the city’s history rival this contemporary heritage landmark which is spectacularly located between the Story Bridge and riverfront gardens," he said.</div>
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<div>The Brisbane agent, a family man and dad of three, has held Brisbane's residential house price record three out of the past four years.</div>
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He sold Brisbane's most expensive property for $18.48 million in 2016. 
Lancashire has said the new world of technology has been a "game changer" for his business, as well as real estate in general.
"Digital with social media has been a huge game changer where we can now target purchasers anywhere around the world," Lancashire says.
"Any state, and suburb, professions, age, demographics, locations, it's actually been such a big game changer for my business and also for real estate."
Lancashire takes anyone who follows him on Instagram through some of Brisbane's finest homes.
"Nothing beats selling a property for a client for a record price," he says.
Lancashire's move to real estate came in 2006 when he landed his first job with agent cum auctioneer Heasley Cush, who helps run the New Farm office.
He believes his apprenticeship as an electrician helps gives him an edge.
"I was a sparky but a very bad one!" he recalled to The Australian last year.
"One of the things I have on some of my competitors is that I have a thorough understanding of how construction works," he said.
"It's definitely a skill set which sometimes you can't learn unless you have been in the industry yourself."
Lancashire says his principals are simple, to get the best possible price for his vendor.
"I do have a reputation, especially in the high end of being the agent to sell with and not to buy through and that's something I take very seriously and I think about it every day."
He says there's only the one thing he would change about real estate.
It's about how easily agent licences can be obtained.
"I believe they give away licences way too easily, hence why real estate agents have a really bad name," the Ray White New Farm principal believes.
"You can get your real estate licence in three days and do it by correspondence in Queensland.
"I don't think that's the way it should be, I think they should regulate who comes into the industry and should do more testing around it because when dealing with one's most valuable asset it's looked over too easily.
"I believe that realestate agents do have that bad name because there are cowboys in the market."
The Ray White network has been asked to confirm the baton change details from Double Bay to New Farm.
 
 
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Matt Lancashire's New Farm Ray White office takes the state's number 1 spot 

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Smithfield Property has purchased a mixed-use gem with multiple value add options for $3.9 million in Brisbane’s New Farm.
The property, at <a href="https://ecomms.raywhite.com/collect/click.aspx?u=jRYOrR8N39R+6hBQZ7yXMtZbL8K1IrWjVUh45Aq1JPvZgRKLiO1yIdaTuGmyPY7RBzTjk87oMXyuFthyeL5QE+aqhgjQE5jC4s771CGlAYIY1lj9REGYQGs6KxnEZLDH2o6oAsmKn60=&amp;rh=ff005a1ef76267a9fd1d1906694490ebed71f6fc" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">599 Brunswick Street</a>, offered a diversified income stream with a complimentary mix of retail, office and 16-room boarding house. It was partially tenanted with half of the ground floor retail vacant and a short WALE of 1.05. The property was sold by Ray White Commercial (QLD) Retail Investment Sales Michael Feltoe. “The property had some unique features that really divided buyers into two camps. There were three easements and council requirements that significantly restricted development upside of the car parking land," Mr Feltoe said.
“The buyer acquired the asset on an eight per cent yield that reflected the long-term vacancy, overall short-term income security, and the amount of work required to bring the property up to standard. In the last two years, the property had been formally on the market for sale twice with two other agencies, and had been under contract and fallen over a few times in some off-market processes by other agencies. “Instead of doing the same thing again and expecting a different result, we recommended marketing the asset for sale via auction which generated a huge amount of enquiry (147).
“Smithfield Property were the perfect buyer due to both their track record with properties that need creative solutions and their requirement to relocate their office into the vacancy." 
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Smithfield Property pays $3.9 million for New Farm value asset

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A Brisbane riverfront development site, which has been earmarked for a multi-million dollar exclusive luxury apartment project, has been secured by local developer and builder Tom Dooley.
The deal to secure the 2333 square metre block across three blocks on Maxwell St, New Farm, is now unconditional and is expected to settle on December 2.
Dooley is believed to have paid around $23 million for the site which currently homes an original three level Tudor style property which is currently split in to eight units (pictured below).
Dooley said the 1930s building will be retained and its original architecture brought back to life.
"This in itself will be a special project", Dooley said. There had been an application refused in 2012 to demolish the building.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/25/42%20Maxwell%20Street%20New%20Farm%20Dooley.jpg" alt="">
Dooley, who runs Tom Dooley Developments, said he couldn’t pass up the opportunity to buy the site as it was the "best parcel of land he had ever seen in New Farm". 
“It is the largest privately owned single-line land holding with medium density residential zoning and views to the Story Bridge and city,” Dooley told the local paper.
“I have been on the lookout for something of this calibre in New Farm since we finished our Pietra development in Moray Street in 2012.
Tom Dooley Developments have completed five riverfront developments in this area.
"Compromising on location and views was not something we would consider.”
Dooley said demand for large riverfront apartments was on the rise and this project would meet those needs.
“We are just finalising details but each of the apartments will have three to four bedrooms, plus multi-purpose rooms and studies. The smallest will be 201 square metres while the largest will be a massive 785 square metres.
“For the type of product, we build - large luxury apartments with high end finishes - it is absolutely essential we get the right site and now we have.
“The land is in a prime position with views of the Story Bridge, the reinvigorated Howard Smith Wharves, the city, and Kangaroo Point and south towards Woolloongabba.”
The property has direct riverfront access with its own pontoon and is close to the River Walk, providing easy access to the Brisbane CBD.
“Combine the perfect location with the right design and a quality build, which we achieve by building for ourselves, and you end up with a fantastic result.”
The property, which had more than 20 metres of frontage to the Brisbane River, came with a development approval in place for a total of 18 units, although Dooley says he will seek to make some changes to the approval.
“I’ve engaged Brisbane architect, Shane Plazibat, who has designed all of our previous riverfront developments to carry out the redesign and introduce the design elements our projects are known for.
“What we are proposing is 15 apartments over seven levels stepping up the riverbank with a river house on the lowest level taking full advantage of the riverfront aspect, and at the top, an exquisite penthouse offering the ultimate luxury Queensland lifestyle.
Each of the apartments will have riverfront views.
Pricing has not been finalised yet, but is expected to range between $2.9 million and $12 million.
Completion is expected in 2021.
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Tom Dooley secures New Farm, Brisbane riverfront development site

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Construction has commenced at QM Properties' luxury riverside project, Anthology New Farm, following $19 million in sales.
It includes the sale of all three penthouses, with the highest priced selling for $1.88 million.  
QM Properties has appointed McNab Constructions to build the Rothelowman designed building.
Located on tree-lined Moray Street, the building is expected to be complete by late 2020.
QM Properties Development Manager Glenn Rix said Anthology, which is six residential levels plus roof top facilities, comprises just 26 residences.
It is the first medium rise project to commence construction in New Farm this year.  
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/30/Anthology_Interior_Penthouse_Living_R005.jpg" alt="">
"Anthology has appealed to owner occupiers looking to live in a boutique building in one of the most sought-after suburbs in Brisbane," Rix said.
"To achieve over 60% pre-sales before commencing construction is an excellent result."
Rix said QM has partnered with McNab Constructions because the company has an enviable reputation for delivery of high quality product across multiple market segments. 
A mix of three bedroom apartments remain for sale from $1,125,000.
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Anthology New Farm commences construction with $19 million in sales

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<div>The Oxlade continues its sales record with this custom designed riverfront residence selling for another benchmark price.</div>
Luxurious without compromising functionality and with uninterrupted river and park views from its terrace, this courtyard residence at The Oxlade is perfectly poised to embrace all that riverfront living has to offer.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/30/new%20farm%202.jpg" alt="">
Featuring its own private entry foyer, customised kitchen with Gaggeneau appliances, substantial multi-faceted living and entertaining spaces that open seamlessly onto an expansive terrace with outdoor kitchen, plunge pool and generous three car private garage with storage.
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It was designed by award winning architects bureau^probert.
The home is positioned within the lifestyle precinct of James Street and the newly developed Howard Smith Wharfs.
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Custom New Farm river terrace in The Oxlade sold

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The Ripples, a tightly held New Farm waterfront, has been listed for sale.
One of the best examples of Spanish Mission-style architecture along the Brisbane River, the Griffth Street mansion was design in 1928 by E.P. Trewern.
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It sits on 740 square metres that was originally part of Sir Samuel Griffith's Merthyr estate.
The four bedroom home with terracotta roof tiles, decorative rendered gables, ornamental metalwork and geometric leadlight windows has a rare private pontoon on the water.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/10/29/new%20farm%203%201.jpg" alt="">
Ray White New Farm agents Matt Lancashire and Nicholas Given have expression of interest until November 15.
The Mills family paid $1,005,000 two decades ago.
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Spanish Mission-style New Farm waterfront trophy home The Ripples listed

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In the recent property market dip, house values in Brisbane's leafy suburb of New Farm have seen a slight downturn, but remained relatively stable.
Units, however, have been experiencing a sharp drop in value since since the middle of last year.
Between 2009 and the present day, the median value of houses in the suburb has increased from $875,000 to $1622,500 - A jump of $747500.
Houses reached their peak value in mid-2016, with a median of $1.825 million.
<img src="https://www.urban.com.au/images/2019/10/14/Screen%20Shot%202019-10-14%20at%204.10.48%20pm.png" alt=""> 
Meanwhile, in that same timeframe the median price of units has seen a less dramatic, but still substantial, increase from $440,000 to $555,000 - A jump of $115,000.
Units reached their peak value in mid-2018, with a median value of of 620,000.
 <img src="https://www.urban.com.au/images/2019/10/14/Screen%20Shot%202019-10-14%20at%204.10.56%20pm.png" alt="">
The suburb is often referred to as Brisbane's "Little Italy", as many immigrants from Italian descent first settled in the suburb.
It is also known for its numerous heritage listed houses, including the famous "Amity" at
Part of the 2008 movie Fool's Gold, starring Kate Hudson, was shot at New Farm Park.
To learn all you need to know about New Farm, from median asking rents to household composition, click here.
As a landlord it is important to check the asking rent trend regularly to ensure you are getting the most value out of your investment.
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How is Brisbane's "little Italy" faring in the current market?

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Former McGrath New Farm agent Henry Hodge has set up his own shop, in the same suburb. 
He's opened his own office, Henry Hodge Real Estate, based in New Farm, and has taken fellow former McGrath colleague Kosta Porfyriou with him.
Hodge spent three years at McGrath from late 2016 as a sales agent.
During his time at McGrath he achieved the highest auction sale in Brisbane at the time.
That came last year when Riverview, a grand Teneriffe home, sold for $4.405 million.
Hodge and Porfyriou, who had been at McGrath for a few months longer than Hodge, have brought five listings over from McGrath.
The most recent is Koowa, the luxury Teneriffe home that Hodge sold for $3.8 million last December when at McGrath.
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Henry Hodge departs McGrath 

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Property industry veteran Marina Vit is selling her contemporary New Farm townhouse.
Vit, who is the chief operating officer at Mosaic Property Group, paid $1.85 million for the newly built BVN Architect-designed terrace in 2009.
The home in The Ivy development of seven has four bedrooms and a swimming pool.
The entire top floor is dedicated solely to the master suite with walk-in-robe, marble ensuite and private deck.
Each of the three levels are accessed by a private internal lift. 
Belle Property New Farm agent Ivo Kornel has the listing. 
Vit stepped down as the chief executive at the Urban Development of Institute Australia Queensland last year having spent five years in the role.
This article was first published in the Weekend Australian. 
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Property industry veteran Marina Vit lists New Farm townhouse

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A dress circle apartment in the Aquila block on New Farm's near waterfront has hit the market.
The 265 sqm Moray Street apartment spanning the whole top floor is one of just 10 in the exclusive block that was completed a decade ago.
The unit features a blend of marble, stone and timbers.
The master suite is separated from the other two bedrooms, while the kitchen and living space opens to the outdoor entertaining terrace with uninterrupted views of the Story Bridge.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/7/new%20farm%201.jpg" alt="">
Hutton &amp; Hutton agents Peter Hutton and Angelo Zardo have a guide of $3 million to $3.2 million for the apartment that last traded for $2.55 million in 2013.
The highest price came last year when Lynnly Chalk, wife of psychiatrist John Chalk, spent $6.5 million on a 330 sqm unit, an apartment record for New Farm.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/7/new%20farm%203.jpg" alt="">
It topped the previous $6.2 million, also set in Aquila, from 2009 when former rugby league legend Rodney Morris, who later became a successful franchisee of McDonalds, and wife Robyn, bought into the block on its completion.
With views of the Story Bridge, the block was undertaken by Tom Dooley with its design by Plazibat + Jemmott.
This article was first published in the Weekend Australian.
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